The debate on the evolution of the payment system between free-banking and central banking
The article focuses on some aspects of the debate over the evolution of the payment system. The work examines in depth the theoretical streams of two groups: the scholars maintaining the need to establish a regime of free-banking against those who consider the role of the central bank untouchable. A clearer idea of the effective magnitude of the evolution of the payment system may be obtained by shifting the focus from the model of an exchange economy to that of a monetary production economy, upheld by scholars whose position is similar to that of a number of heterodox economists, as well as of Keynes.
Year of publication: |
2013
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Authors: | Figuera, Stefano |
Published in: |
History of Economic Ideas. - Fabrizio Serra Editore, Pisa - Roma. - Vol. 21.2013, 1, p. 117-37
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Publisher: |
Fabrizio Serra Editore, Pisa - Roma |
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